United States Brent Oil Fund LP (NYSEARCA:BNO – Get Free Report) saw unusually large options trading on Monday. Investors purchased 19,335 call options on the company. This is an increase of 1,563% compared to the average daily volume of 1,163 call options.
Institutional Investors Weigh In On United States Brent Oil Fund
Several institutional investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc acquired a new position in United States Brent Oil Fund in the fourth quarter valued at $135,000. International Assets Investment Management LLC lifted its holdings in shares of United States Brent Oil Fund by 2,731.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,756 shares of the company’s stock valued at $135,000 after purchasing an additional 4,588 shares during the last quarter. Virtu Financial LLC boosted its position in shares of United States Brent Oil Fund by 93.9% in the 3rd quarter. Virtu Financial LLC now owns 14,828 shares of the company’s stock valued at $420,000 after purchasing an additional 7,182 shares during the period. BNP Paribas Financial Markets purchased a new position in United States Brent Oil Fund during the 3rd quarter worth approximately $425,000. Finally, Ignite Planners LLC purchased a new position in United States Brent Oil Fund during the 3rd quarter worth approximately $515,000.
United States Brent Oil Fund Stock Down 0.8 %
NYSEARCA:BNO opened at $32.42 on Wednesday. United States Brent Oil Fund has a 1 year low of $26.76 and a 1 year high of $33.91. The stock has a 50-day simple moving average of $29.63 and a 200-day simple moving average of $29.97.
About United States Brent Oil Fund
The United States Brent Oil Fund, LP (BNO) is an exchange-traded fund that is based on the Front Month Brent Crude Oil index. The fund tracks the Brent oil spot price using near-month ICE futures contracts. BNO was launched on Jun 2, 2010 and is managed by US Commodity Funds.
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